Lemonade’s Q1 net loss narrows to $65.8mn as GWP grows 48.3%
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Lemonade’s Q1 net loss narrows to $65.8mn as GWP grows 48.3%

Thorsten Schier
May 03, 2023
  • Show more sharing options
  • Print
  • X
  • LinkedIn
Lemonade logo houses residential.jpg

New York InsurTech Lemonade’s Q1 net loss narrowed 12% to $65.8mn compared to $74.8mn in Q1 a year ago, as it grew both gross written premium and premium per customer.

Meanwhile, the carrier’s net loss ratio deteriorated four points to 93%. An ongoing challenge to reining in loss costs is slowing growth in line with approved rate increases.

“While

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News InsurTech Lemonade Earnings
thorsten schier/thorsten schier II US.png
Thorsten Schier
Managing Editor
Contact
Gift this article